Managing Director, Financial Data Exchange (FDX)
Don Cardinal is Managing Firector of the Financial Data Exchange (FDX). Cardinal leads FDX by engaging with the financial services and Fintech communities to develop and implement an industry standard for secure data sharing, empowering consumer control and furthering security. Don comes to FDX after more than 20 years with Bank of America, where he served in key leadership roles as the Privacy Officer of their Military Bank, the Digital Banking VP for Military Bank, VP in Digital Banking, and most recently as a Senior VP in Global Information Security, where he orchestrated the bank’s DMARC email security implementation. From 2016 to 2018, Don also served as co-chair of the Financial Services Information Sharing and Analysis Center’s (FS-ISAC) Aggregation Working Group. Prior to his banking career, Don worked for a fintech, writing tax preparation software.
- Posted on: 06/24/20204 charts on retail banks moving to platform-based business models in 2020
The report emphasizes the importance of building an API network that drives collaboration with ecosystem partners in enabling new products/services and building customer loyalty. More importantly, however, is to support a network of standardized APIs, which are interoperable, built on consensus, and work for all ecosystem participants. Adopting a standardized API for financial data sharing – such as the FDX API – won’t only keep development costs low and foster market choice and innovation, but ensure your firm needs to maintain just one API vs. sustain a costly maze of proprietary data sharing methods.